Why Would a Person Choose Not to Retire

Some common-sense rules surrounding when you should not retire can help influence your decision on when to quit. This article provides essential advice before considering whether or not to retire. Below are some points to consider:

1. Don’t quit working or retire because you feel irritated or fed up. It’s safe to say that this is a decision you’ll regret deeply later in life. It’s much more satisfying to retire for a purpose other than escape.

2. Be sure that your whole federal service history (civilian and military, if appropriate) has been accounted for before you call it quits. Remember to mention any commendable civilian service you may have had, such as jobs you held while in high school or college.

3. Don’t retire without first figuring out how you’ll pay for it and whether or not you’ll be able to keep up your current lifestyle when you stop working. The “golden years” of retirement might lose their luster if saving money is a constant struggle.

4. If you have not contributed to the Federal Employees Health Benefits (FEHB) program in more than five years, you should postpone leaving your federal employment. If you do not, you will not be eligible for one of the most beneficial retirement plans for federal employees. Extremely few cases warrant a deviation from this rule. (The Federal Employees’ Group Life Insurance program, which you may or may not care about, also has a five-year waiting period.)

5. You should consider when and how you wish to retire. You should seek professional assistance rather than inquiring while standing around the water cooler with colleagues. Benefits specialists at your company’s HR department, government agency websites, and private sector professionals can answer your questions.

6. If you are married (or have a significant other), you should only retire once you and this person have spoken through all the financial and lifestyle ramifications.

Don’t walk the plank into retirement if you’re afraid of a meaningless future. For all the reasons stated above, it is preferable to have a place to retire. It could be something like a new career, launching a business, honing a hobby, going on a trip, or giving back to the community. It’s essential to have a satisfying response to the age-old question, “What do you do?” to maintain a positive sense of self-worth whenever retirement finally arrives.

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